Vallianz bags OSV charter contracts worth up to US$210m

Singapore

VALLIANZ Holdings has won contracts worth up to US$210 million for the supply of 13 offshore support vessels (OSVs) to an undisclosed national oil company (NOC) in the Middle East.

The OSVs will be chartered to the NOC for up to seven years and progressively deployed in the NOC's oilfields from the second half of 2016, according to a company's announcement on Monday.